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Bankniftyintradaytradesetup

BANKNIFTY Intraday Trade Setup For 19 May 2023BANKNIFTY Intraday Trade Setup For 19 May 2023 Buy-Above 43930 Sl-43825 T- 44150 44355 Sell-Below 43670 Sl-43775 T- 43450 43240 BANKNIFTY has closed with a slight positive gain today. Till now it has not closed below PDL after hitting our ATH target. If it closes below PDL and that red candle's low is breached then will book completely and this will initiate the pullback/down move. Today it opened with a big gap up and 10 o'clock range broke downside below 43844 and gave more than 170 points gain. 43930 and 43670 are important levels. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 43930 then we will long. T- 44150. above 44155 it will test 44355 and 4455. For selling we need a 15 min candle close below 43670. T- 43450. Below 43440 it will test 43240 and 43000. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
FASP levels for Bank Nifty 18/05/2023The FASP for BankNifty is listed for 18-05-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:BANKNIFTYLong
by SathishChandrasekaran
BANKNIFTY Intraday Trade Setup For 18 May 2023BANKNIFTY Intraday Trade Setup For 18 May 2023 Buy-Above 43765 Sl-43660 T- 43957 44150 Sell-Below 43440 Sl-43545 T- 43240 43000 BANKNIFTY has closed on a bearish note with 0.57% cut today. It closed below PDL today. So below today's low our TSL in long will be hit and a down move/pullback may start in this case. Today sell triggered below 43810 and gave more than 350 points gain. Above the trendline plotted on a bullish price structure we may head towards ATH again. Below 43440 it is likely to give good downside move. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 43765 then we will long for the target of 43957 and 44150+ For selling we need a 15 Min candle close below 43440. T- 42240 and 43000. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
1
BANKNIFTY Intraday Trade Setup For 17 May 2023BANKNIFTY Intraday Trade Setup For 17 May 2023 Buy-Above 44155 Sl-44050 T- 44355 44555 Sell-Below 43810 Sl-43915 T- 43570 43330 BANKNIFTY has closed on a bearish note with 0.38% cut today. Yesterday it was updated that our long target is hit (42385-44150). A pause was obvious after a fantastic rally. Sell triggered as per trade setup and gave around 130 points gain (44000-43852). If a daily candle closes below PDL and below that red candle's low we will book longs completely and in this case will will initiate the pullback move. Bullish momentum above 44155 and below 43810 downside momentum possible. Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 44155 then we will long for the target of 44355 and 44555. For selling we need a 15 Min candle close below 43810. T- 43570 and 43330. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
#Banknifty"Good morning! As of May 16th, today's sentiment remains the same with no significant difference compared to the last trading session. However, the global market has shown a positive start with a moderately bullish nature. There may be a gap-up at the beginning, and if it sustains, we can expect a continuation of the rally with minor consolidation, but it should break the immediate resistance level. On the other hand, if the market declines sharply at the start, we can expect a correction. If you want confirmation, you can use EMA20 and fib. If the market breaks EMA20 and the fib level of 38%, that's a sign of a trend reversal."
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY Intraday Trade Setup For 16 May 2023BANKNIFTY Intraday Trade Setup For 16 May 2023 Buy-Above 44155 Sl-44050 T- 44355 44555 Sell-Below 44000 Sl-44105 T- 43800 43595 BANKNIFTY has closed on a bullish sentiment with 0.64% gain today. It hit our 1st target in long which we have been carrying from 42385 (24 Apr). Currently it is giving more than 1700 points. Till now our TSL is intact which is PDL on closing basis. If a daily candle closes below PDL and that red candle's low is breached then we will exit with TSL. In case of TSL we will have a pullback scenario. Sustaining above today's high will lead a fresh rally tomorrow. 44k is important for downside. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 44155 then we will long for the target of 44355 and 44555. For selling we need a 15 Min candle closes below 44000. T- 43800 and 43595. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
FASP levels for Bank Nifty 15/05/2023The FASP for BankNifty is listed for 15-05-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:BANKNIFTY
by SathishChandrasekaran
BANKNIFTY Intraday Trade Setup For 15 May 2023BANKNIFTY Intraday Trade Setup For 15 May 2023 Buy-Above 43910 Sl-43805 T- 44110 44305 Sell-Below 43595 Sl-43700 T- 43330 43070 BANKNIFTY closed on a bullish sentiment last day and week with 0.73% and 2.65% respectively. Last week it was said that we are likely to create a sideways momentum. It was moreover in range of 42600 and 43800. Upper range has been tested last day of the week. Above 43910, range is likely to shift and chances of a fresh ATH is very high. We have been riding our long trade from 42385. If a daily candle closes below PDL and that red candle's low is breached then we will exit with that as TSL. Also this will create a pullback scenario. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 43910 then we will long for the target of 44110 and 44305. For selling we need a 15 Min candle close below 43595. T- 43330 and 43070. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 12 May 2023BANKNIFTY Intraday Trade Setup For 12 May 2023 Buy-Above 43675 Sl-43570 T- 43950 44220 Sell-Below 43365 Sl-43470 T- 43080 42780 BANKNIFTY has closed on a bullish with a slight gain of 0.33% today. It opened with a decent gap gap and gave a huge flick in the 1st 1 Min candle. Buy triggered as per trade setup above 43385 and hit our 1st target very smoothly. Trade gave more than 250 points gain. Then it turned sideways for the rest of the day. In the beginning of this week it was said that we are likely to witness a sideways momentum overall this week. This is common after an impulsive move, so has happened. Next week we can see a trendy move on range breakout formed this week. Above today's high we may record a fresh ATH. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 43675 then we will long for the target of 43950 and 44220. For selling we need a 15 Min candle close below 43365. T- 43080 and 42780. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 11 May 2023BANKNIFTY Intraday Trade Setup For 11 May 2023 Buy-Above 43385 Sl-43280 T- 43640 43820 Sell-Below 43170 Sl-43275 T- 42975 42780 BANKNIFTY has closed on a bullish sentiment with 0.31% gain today. It has formed a Pin bar candle in daily TF which shows bullishness. Our TSL in long from 42385 is intact. If a daily candle closes below PDL and that red candle's low is breached then we will exit our longs and in that case there will be possibility of pullback down move. Today sell triggered below 43120 and hit almost both the targets (43120-42822). Bullishness likely to continue above today's high. Also today's low is very important. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 43385 then we will long for the target of 43640 and 43820. For selling we need a 15 Min candle close below 43170. T- 42975 and 42780. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto